Article 2.2.1

(Duty of disclosure)

In seeking reinsurance cover, a prospective reinsured shall provide the reinsurer with all information of which it is or reasonably ought to be aware and which is material to the risks to be assumed by the reinsurer. Information is material to a risk if the information is of the type that would affect a reasonable and prudent reinsurer’s decision as to whether to accept the risk and if so under which terms and conditions and for which premium.